Are sanctions on Russia hurting India? Report reveal ONGC's struggle to ship oil
Published on Apr 27, 2022 09:20 pm IST
- India's Oil and Natural Gas Corporation (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia's Far East, in a growing sign that complex trades involving one of Moscow's biggest partners are being interrupted by Western sanctions, sources told news agency Reuters. Several Indian companies including ONGC have stakes in Russian oil and gas assets, and India has been buying more Russian crude since Moscow invaded Ukraine, snapping up the popular Urals crude grade, while other buyers have shunned Russian exports. Watch this report for more. #India #Russiaoil #Ukrainewar #Ukraine #Putin #NarendraModi #PMModi #Russianoil
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